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Side-by-side financial comparison of Designer Brands Inc. (DBI) and DOCUSIGN, INC. (DOCU). Click either name above to swap in a different company.

DOCUSIGN, INC. is the larger business by last-quarter revenue ($818.4M vs $752.4M, roughly 1.1× Designer Brands Inc.). DOCUSIGN, INC. runs the higher net margin — 10.2% vs 2.4%, a 7.8% gap on every dollar of revenue. On growth, DOCUSIGN, INC. posted the faster year-over-year revenue change (8.4% vs -3.2%). DOCUSIGN, INC. produced more free cash flow last quarter ($262.9M vs $57.5M).

Designer Brands Inc. is an American company that sells designer and name brand shoes and fashion accessories. It owns the Designer Shoe Warehouse (DSW) store chain, and operates over 500 stores in the United States and an e-commerce website.

Docusign, Inc. is an American software company headquartered in San Francisco, California that provides products for organizations to manage electronic agreements with electronic signatures on different devices. As of 2025, Docusign has about 1.7 million clients in 180 countries. Signatures processed by Docusign are compliant with the US ESIGN Act and the European Union's eIDAS regulation, including EU Advanced and EU Qualified Signatures.

DBI vs DOCU — Head-to-Head

Bigger by revenue
DOCU
DOCU
1.1× larger
DOCU
$818.4M
$752.4M
DBI
Growing faster (revenue YoY)
DOCU
DOCU
+11.6% gap
DOCU
8.4%
-3.2%
DBI
Higher net margin
DOCU
DOCU
7.8% more per $
DOCU
10.2%
2.4%
DBI
More free cash flow
DOCU
DOCU
$205.4M more FCF
DOCU
$262.9M
$57.5M
DBI

Income Statement — Q3 FY2026 vs Q3 FY2026

Metric
DBI
DBI
DOCU
DOCU
Revenue
$752.4M
$818.4M
Net Profit
$18.2M
$83.7M
Gross Margin
45.1%
79.2%
Operating Margin
5.7%
10.4%
Net Margin
2.4%
10.2%
Revenue YoY
-3.2%
8.4%
Net Profit YoY
40.0%
34.1%
EPS (diluted)
$0.35
$0.40

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DBI
DBI
DOCU
DOCU
Q4 25
$752.4M
$818.4M
Q3 25
$739.8M
$800.6M
Q2 25
$686.9M
$763.7M
Q1 25
$713.6M
Q4 24
$777.2M
Q3 24
$771.9M
Q2 24
$746.6M
Q1 24
$754.3M
Net Profit
DBI
DBI
DOCU
DOCU
Q4 25
$18.2M
$83.7M
Q3 25
$10.8M
$63.0M
Q2 25
$-17.4M
$72.1M
Q1 25
$-38.2M
Q4 24
$13.0M
Q3 24
$13.8M
Q2 24
$783.0K
Q1 24
$-29.6M
Gross Margin
DBI
DBI
DOCU
DOCU
Q4 25
45.1%
79.2%
Q3 25
43.7%
79.3%
Q2 25
43.0%
79.4%
Q1 25
75.7%
Q4 24
43.0%
Q3 24
44.0%
Q2 24
44.2%
Q1 24
38.8%
Operating Margin
DBI
DBI
DOCU
DOCU
Q4 25
5.7%
10.4%
Q3 25
3.6%
8.1%
Q2 25
-1.1%
7.9%
Q1 25
-3.6%
Q4 24
2.9%
Q3 24
3.7%
Q2 24
1.3%
Q1 24
-4.8%
Net Margin
DBI
DBI
DOCU
DOCU
Q4 25
2.4%
10.2%
Q3 25
1.5%
7.9%
Q2 25
-2.5%
9.4%
Q1 25
-5.3%
Q4 24
1.7%
Q3 24
1.8%
Q2 24
0.1%
Q1 24
-3.9%
EPS (diluted)
DBI
DBI
DOCU
DOCU
Q4 25
$0.35
$0.40
Q3 25
$0.22
$0.30
Q2 25
$-0.36
$0.34
Q1 25
$-0.69
Q4 24
$0.24
Q3 24
$0.24
Q2 24
$0.01
Q1 24
$-899.54

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DBI
DBI
DOCU
DOCU
Cash + ST InvestmentsLiquidity on hand
$51.4M
$583.3M
Total DebtLower is stronger
$463.1M
Stockholders' EquityBook value
$298.6M
$2.0B
Total Assets
$2.1B
$4.0B
Debt / EquityLower = less leverage
1.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DBI
DBI
DOCU
DOCU
Q4 25
$51.4M
$583.3M
Q3 25
$44.9M
$600.0M
Q2 25
$46.0M
$657.4M
Q1 25
$44.8M
Q4 24
$36.2M
Q3 24
$38.8M
Q2 24
$43.4M
Q1 24
$49.2M
Total Debt
DBI
DBI
DOCU
DOCU
Q4 25
$463.1M
Q3 25
$509.6M
Q2 25
$516.2M
Q1 25
$484.3M
Q4 24
$529.6M
Q3 24
$459.0M
Q2 24
$469.3M
Q1 24
$420.3M
Stockholders' Equity
DBI
DBI
DOCU
DOCU
Q4 25
$298.6M
$2.0B
Q3 25
$280.8M
$2.0B
Q2 25
$266.9M
$2.0B
Q1 25
$278.5M
Q4 24
$318.5M
Q3 24
$355.5M
Q2 24
$358.5M
Q1 24
$359.2M
Total Assets
DBI
DBI
DOCU
DOCU
Q4 25
$2.1B
$4.0B
Q3 25
$2.1B
$3.9B
Q2 25
$2.1B
$3.9B
Q1 25
$2.0B
Q4 24
$2.1B
Q3 24
$2.1B
Q2 24
$2.2B
Q1 24
$2.1B
Debt / Equity
DBI
DBI
DOCU
DOCU
Q4 25
1.55×
Q3 25
1.81×
Q2 25
1.93×
Q1 25
1.74×
Q4 24
1.66×
Q3 24
1.29×
Q2 24
1.31×
Q1 24
1.17×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DBI
DBI
DOCU
DOCU
Operating Cash FlowLast quarter
$66.5M
$290.3M
Free Cash FlowOCF − Capex
$57.5M
$262.9M
FCF MarginFCF / Revenue
7.6%
32.1%
Capex IntensityCapex / Revenue
1.2%
3.3%
Cash ConversionOCF / Net Profit
3.65×
3.47×
TTM Free Cash FlowTrailing 4 quarters
$99.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DBI
DBI
DOCU
DOCU
Q4 25
$66.5M
$290.3M
Q3 25
$21.4M
$246.1M
Q2 25
$-20.4M
$251.4M
Q1 25
$70.1M
Q4 24
$-9.8M
Q3 24
$41.6M
Q2 24
$-19.7M
Q1 24
$-40.1M
Free Cash Flow
DBI
DBI
DOCU
DOCU
Q4 25
$57.5M
$262.9M
Q3 25
$11.9M
$217.6M
Q2 25
$-27.6M
$227.8M
Q1 25
$58.1M
Q4 24
$-19.2M
Q3 24
$28.0M
Q2 24
$-35.6M
Q1 24
$-52.8M
FCF Margin
DBI
DBI
DOCU
DOCU
Q4 25
7.6%
32.1%
Q3 25
1.6%
27.2%
Q2 25
-4.0%
29.8%
Q1 25
8.1%
Q4 24
-2.5%
Q3 24
3.6%
Q2 24
-4.8%
Q1 24
-7.0%
Capex Intensity
DBI
DBI
DOCU
DOCU
Q4 25
1.2%
3.3%
Q3 25
1.3%
3.6%
Q2 25
1.1%
3.1%
Q1 25
1.7%
Q4 24
1.2%
Q3 24
1.8%
Q2 24
2.1%
Q1 24
1.7%
Cash Conversion
DBI
DBI
DOCU
DOCU
Q4 25
3.65×
3.47×
Q3 25
1.98×
3.91×
Q2 25
3.49×
Q1 25
Q4 24
-0.75×
Q3 24
3.01×
Q2 24
-25.13×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DBI
DBI

Womens$280.7M37%
Athletic Footwear$188.6M25%
Wholesale$89.8M12%
Canada Retail Segment$77.3M10%
Mens$76.1M10%
Kids$24.2M3%
Commission Income$10.8M1%
Directto Consumer$1.3M0%

DOCU
DOCU

Subscription And Circulation$801.0M98%
Professional Services And Other$17.4M2%

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